Enphase Energy (NASDAQ:ENPH) is a global energy technology company that designs and manufactures solar microinverters, energy storage systems, and energy management software. Its core business centers on microinverter technology, which converts direct current (DC) power generated by photovoltaic (PV) modules into alternating current (AC) power at the individual panel level. This architecture enhances system reliability, simplifies installation, and enables detailed performance monitoring across each solar module.
Founded in 2006 as PVI by co-founders Martin Fornage and Raghu Belur, the company rebranded as Enphase Energy in 2010 and completed its initial public offering in 2012. Under the leadership of President and CEO Badri Kothandaraman, Enphase has expanded its product portfolio beyond microinverters to encompass integrated energy solutions. The company’s headquarters are located in Fremont, California, where it maintains research and development facilities focused on next-generation semiconductor and power electronics innovations.
Enphase serves a global customer base, primarily in North America, Europe, Australia and New Zealand, with growing footprints in Asia-Pacific and Latin America. Through a network of solar installation partners and distributors, the company enables residential and small commercial clients to adopt distributed solar and storage solutions. Enphase systems are deployed in more than 130 countries, delivering scalable renewable energy platforms to homeowners and small businesses alike.
The company’s flagship offerings include the IQ Series microinverters, IQ™ Battery storage modules, and the IQ™ Gateway (formerly Envoy) communications device, all managed via the Enlighten® monitoring software. These components form a modular ensemble system that supports self-consumption, backup power, and grid services. By integrating hardware and cloud-based software, Enphase provides customers with real-time energy insights, remote diagnostics, and automated firmware updates aimed at optimizing performance and empowering energy independence.
